Cap. 13 Art. 364Things that may be insured.

(1) The insurance may be upon the hull of the vessel, whether laden or in ballast, fitted out or not fitted out, sailing alone or with others; her tackle and apparel; her equipment; her provisions; all that which may have been expended for the vessel up to the day of her departure; the sums lent on bottomry and the interest thereon; the cargo; the anticipated profits; the stipulated freight; and upon all other things capable of being estimated in money, and subject to the perils of navigation.

(2) An insurance of the vessel, without any other explanation, includes the hull, the tackle and apparel, and the equipment.